C&W Property Portfolio, VariousPosted on February 27, 2010
- Clay Street acting on behalf of British Land acquired a sale and leaseback portfolio of nine properties from Cable & Wireless in April 2007.
- Six of the nine properties were located in London each holding inherent long term redevelopment value.
- The portfolio was leased back to Cable and Wireless for a term of 25 years with the benefit of RPI linked increase throughout the leases.
- The transaction was concluded at a price of £88m.